Public Limited Company – Are the companies whose shares are traded in the stock market or issue fixed deposit. These are registered under the Companies Act (1980) with statutory minimum capital requirements and share offered to public subject to conditions of limited liability. 

For Public Limited Company Registration, the company must have minimum 3 Directors, 7 Shareholders, and Maximum 50 Directors. The shares can be transferred easily and getting a loan to the public sector is easy

Advantages

• Continuity of existence
• Larger amount of capital
• Unity of direction
• Efficient management
• Limited liability